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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Renewable and Sustai...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Renewable and Sustainable Energy Reviews
Article . 2014 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
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The economic viability of battery storage for residential solar photovoltaic systems – A review and a simulation model

Authors: Jonas Volland; Volker H. Hoffmann; Tobias S. Schmidt; Joern Hoppmann; Joern Hoppmann;

The economic viability of battery storage for residential solar photovoltaic systems – A review and a simulation model

Abstract

Battery storage is generally considered an effective means for reducing the intermittency of electricity generated by solar photovoltaic (PV) systems. However, currently it remains unclear when and under which conditions battery storage can be profitably operated in residential PV systems without policy support. Based on a review of previous studies that have examined the economics of integrated PV-battery systems, in this paper we devise a simulation model that investigates the economic viability of battery storage for residential PV in Germany under eight different electricity price scenarios from 2013 to 2022. In contrast to previous forward-looking studies, we assume that no premium is paid for solar photovoltaic power and/or self-consumed electricity. Additionally, we run the model with a large number of different PV and storage capacities to determine the economically optimal configuration in terms of system size. We find that already in 2013 investments in storage solutions were economically viable for small PV systems. Given the assumptions of our model, the optimal size of both residential PV systems and battery storage rises significantly in the future. Higher electricity retail prices, lower electricity wholesale prices or limited access to the electricity wholesale market add to the profitability of storage. We conclude that additional policy incentives to foster investments in battery storage for residential PV in Germany will only be necessary in the short run. At the same time, the impending profitability of integrated PV-storage systems is likely to further spur the ongoing trend toward distributed electricity generation with major implications for the electricity sector.

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
446
Top 0.1%
Top 1%
Top 0.1%